Shares of Punj Lloyd shot up today. Know why
Advertisement
Advertisement
Punj Lloyd Ltd., a mid-sized engineering construction company, shot up in Monday's trade on news that the firm had bagged an order from Indian Oil Corp.State-run IOC awarded a contract worth 1,094 crore rupees to Punj Lloyd to build a Sulpur Refinery Unit, among other works, on an EPC basis at its Haldia Refinery in West Bengal.
As a consequence, Punj Lloyd surged 1.4 rupees, or 5.8 percent, to 25.60 rupees on the National Stock Exchange where 13.3 lakh shares were traded compared with the 5-day average of 14.4 lakh shares.
Punj Lloyd's market capitalisation has slid 30 percent in the past one year to 804 crore rupees as investors stayed away from companies that were directly exposed to the industrial slowdown.
Punj Lloyd is trading at 0.3 times its book value of 78.4 rupees and its revenues have slid 7.5 percent compounded in the past five years.
Advertisement
Image credit: Indiatimes
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance